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municipal bond etfs. my question to you is, in this environment, with the economic environment, with the possibility of a compromise regarding the fiscal cliff, vis-a-vis the increase revenues and cuts in spending, what is your analysis and your opinion on the tax free municipal bonds at this juncture? >> you have to buy them. the individual is going to go right back them and move them up. i think that's a great place to be. don't touch them. i want you to buy them. brilliant idea. now we go to paul in louisiana. paul? >> caller: hey, jim. thanks for taking my call. >> no problem. >> caller: i've been just getting in and sticking with a stock itw. i've been following it for a couple months. they seem to be doing pretty well. there is going to be a change in the leadership. can you comment? >> david spear passed away which is -- he was a terrific guy. this is a very well run company. i suspect that they won't really skip a beat. it's always been a favorite of mine. i would continue to own it. i wouldn't buy it off this. he's a good man. i think it's fine. i think it is fine. is
of our preferences or the inability to control our preferences. we are victims of our environments growing up. we are victims of our context that we live in and, therefore, we all, you know, are not "responsible for that behavior and therefore should be mitigating." when you look at the testimony that comes in, whether it's from a mother or from neighbors or from teachers that are talking about really mitigating circumstances, they are the rotten social background kind of arguments, the abuse and the suffering that that individual experienced and those things show up in the brain. the brain is also a sponge. the brain isn't simply created by genetics and it's very much shaped by environment. and so my mentor john monaghan likened the problem of predicting violent people to predicting violent storms. when you think of meteorology, you think of the difficulty of classifying a hurricane and tracking a hurricane, making judgments about such complex behavior that has sort of chaotic premises underlying it, you're going to make lots of mistakes. you're going to make lots of mistakes in b
damage was being done to the environment that, in fact, was really occurring. acknowledging those lies, b.p. has agreed to plead guilty to felony obstruction of congress. make no mistake, while the company is guilty, individuals committed these crimes. and we have also unsealed today a 23-count indictment charging b.p.'s two highest ranking supervisors aboard the deepwater horizon with manslaughter and violation of the clean water act. the two b.p. well site leaders are charged with negligence and gross negligence on the evening of april 20, 2010. in the face of glaring red flags indicating that the well was not secure, both men allegedly fail told take appropriate action to prevent the blowout. a separate indictment was also unsealed today, charging a former senior b.p. executive, david rainy, with obstructing a congressional investigation and making false statements to law enforcement officials. the indictment alleges that rainy, on behalf of b.p., intentionally underestimated the amount of oil flowing from the well. rainy allegedly cherry picked pages from documents, withheld other doc
be thriving in an environment where lots of people are worried about their taxes going up year end and the fiscal cliff is starting to get top of mind. you have a stock like walmart which has been a juggernaut, going up in a straight line since april until the recent pullback. then there is a company like -- sell, sell, sell. jcpenney. if you thought things couldn't get worse for jcpenney under the ceo, well, you were very wrong. as the company missed estimates once again on friday, reporting absolutely hideous numbers, they were blinding. sure enough, penney's continued the decline today, down another $2.67, 13%. like the wheel of fortune, where she stops, nobody knows. far more important, just so you know, there is a piece of preferred, there is another corporate piece of paper affiliated with jcpenney and that is sinking like a stone. that is more valuable to tell how bad things at jcpenney are. johnson tried to revolutionize by getting rid of coupons, cutting price as cross the board, they failed tragically and they started issuing coupons again. customers don't trust them. jc
charged three more people over the deep water horizon accident. this from environment and energy news. the justice department charged three workers involved in the deepwater horizon with various criminal violations. dd go down to amarillo, texas, merlin is waiting on the independent line. you're on the "washington journal." caller: i was just wondering how much b.p. has actually made cleaning up the spill? host: not a stat i have for you right now, merlin. i can tell you b.p. was reporting profits in the fourth quarter of 2010 after the spill occurred. profits of about $5.5 billion. the spill occurred in the summer of that year. this according to b.p.'s website. in the third quarter of 2010, b.p.'s profits were about $5 billion. in the fourth quarter of 2011, $7.6 billion in profits. caller: does anybody think that they might have did it on purpose? host: why would you think that, merlin? caller: well, because i heard that the night right before the spill they pulled out their stocks in a lot of, you know, some of the money that they had out there, they pulled out -- host: where are y
environment sxrshgs from now on they got to wear them. the trouble is that's apparently bad for business. porn does not sell so well when the actors, how shall i say, put up a wall, and now that industry that brings 10,000 jobs to l.a. county and generates millions in tax revenue says that it may be looking for another state in which to set up shop. the l.a. times has been covering this story for years, and i'm joined by ron lynn who is one of their reporters who has been on this story. while this is fun to report on, it's also extraordinarily serious for the economy of this community and are they serious when they say change this or we're out? >> that's what they say. they say that they will not -- if l.a. county doesn't enforce this rule, they wi-- does enfor they will leave the county and perhaps the state. >> is that something that will cripple the county and have a huge impact on the state, or will they be able to recover somehow? >> you know, it's hard to say. the industry has said that it has a major role to play. it does have a major part in the san fernando valley. there's a big quest
" cramer gave you ideas for keeping your portfolio airborne in this environment. what sky high advice is he about to give right now? jim's mad dash is coming up next and romney for president policy adviser lanhee chen. take a look at futures as we start into the open bouncing off three month lows. "squawk on the street" continues right after this. i always wait until the last minute. can i still ship a gift in time for christmas? yeah, sure you can. great. where's your gift? uh... whew. [ male announcer ] break from the holiday stress. ship fedex express by december 22nd for christmas delivery. >> jim and his mad dash talking. this week is a watershed week for nat gas in general. >> cold in new york. 28 degrees. that often can burn off the inventory. clean energy fuels had them on last night. why focus on this? they have a clear growth path to build out stations. lloyd blankfein said in his editorial that key thing for growth in our country is energy. abundant energy. i thought we should look at clean energy that would benefit. markwest, this is a company that has a price above where they d
. devastating the environment there. tourism costing many people their jobs, as well. cnn's ed lavandera saw the devastation firsthand when he covered the story. ed, as, of course, we wait eric holder's arrival, i'll let you proceed and may have to interrupt you as soon as he is to enter the room. so, what kind of reaction is there from this $4 billion planned settlement? >> reporter: well, i think a lot of people in the gulf coast region trying to figure out what all of this means and the money will be parcelled out. >> all right. sorry about that, ed. you have to hold that thought there. here's u.s. attorney general eric holder. >> i'm honored to join with associate attorney general tony west, assistant attorney general for the criminal division of the justice department lanny brewer, director robert casami of the security and exchange division, john beretta, head of the de deepwater horizon and achieving justice for those whose lives and livelihoods were impacted by the largest environmental disaster in the history of the united states. and to hold accountable -- hold accountable those wh
. the fiscal cliff is important for a whole range of issues. it adds to the whole environment of intense uncertainty. you are asking people to make investors of their money or shareholders money at a time when nobody knows what the fiscal system will provide. connell: we talk to people on all sides of this debate. the conservative side represented by monica crowley. talking about the conversation changing from all of this from revenue to something about spending. from the business community's point of view, or you concerned? >> both are important. we need to address the fiscal cliff issue now. not december 301 or january 1. you'll get a lot of negative ahead of that. extend the tax treatment. extend the tax revisions. new found out for a period of time that will allow a real discussion about reform. connell: do you have to have a template in place or is it all right to just extend the current environment? >> i think what has been discussed is to come to some very broad agreement with goals for the relevant committees on the hill. that is good. that gives people a sense of where we are go
that climate change has little to do with the state of the environment, but much to do with the state of capitalism and transforming the american economic system and you see an opening with sandy, right? >> i do see an opening because, you know, whenever you have this kind of destruction there has to be a reconstruction and what i documented in the shock doctrine is that these right-wing think tanks leak the american enterprise institute and the cato institute and heritage foundation, they historically have gotten very, very good at seizing these moments of opportunity to push through their wish lists of policies and often their wish lists of policies, after hurricane katrina there was a meeting at the heritage foundation just two weeks after the storm hit. parts of the city were still under water and there was a meeting and "the wall street journal" reported from it and the heading was 31 free market solutions for hurricane katrina and you go down the list and it was -- don't re-open the public schools. replace the public schools with vouchers and drill for oil in anwar and the arcti
it is not a major league stock. it is the wrong stock for this environment. >> susan. >> how do you feel about exel? >> i like exel. and by the way, another one of -- another one of our specs, dbax, nice move today. remember, i am in favor of speculation as long as it's only one small piece of your portfolio. and that is the conclusion of and that is the conclusion of the lightning round. but whetr he's climbing everest, >>> everybody is freaking about about washington. the fiscal cliff is a man made problem that congress and the president created. if they would stop squabbling with each other they could solve this thing with the stroke of a pen. i'm not trying to minimize the scale of the problem. it could send our economy back into a recession. i'm going to keep going. people are saying why is this stock and that stock down. it is always the same. it is because the fiscal cliff. it is killing stocks. but you know what? some of the stocks that would be the worst hit, the defense contractors, are telling a different story. as a big part of the cliff, they are telling a different story. i'm talking
of people before our ancestors emerge eds from -- emerged from africa. in this environment, intelligence was critical for staying alive. today we just need an ipad to get by. greg. the future says technologies will find a solution to our diminishing brain power. what do they mean by that solution? are the machines going to murder us all? >> the argument is that intelligence creates progress and progress makes us dumber by reducing the use of the genes. then thee theoretic should diminish progress and should stop this decrease in stupidity. it means it is bs. >> you didn't even listen to me. >> i did. and i am thinking of the machines. it is a different kind of intelligence. >> we are getting dumber. not by jeans, but by choice. we do dumb things because we can. survival has been replaced by recreation. recreation, 99% is doing stupid things like traveling to other countries is stupid because you could die, but you still do it anyway. it is better to stay in your apart meant and not do anything which is what you did when you wanted to survive. >> it is not better. >> get me the audio book
at a normal interest rate, i'm a guy that wants to go 50/50 bond equities, are you saying in this environment i should be 75 equities, 25 bonds because of the risk? >> yeah, i think the problem is nobody is 50/50. today people are sitting at 80% this bonds. 10% quit tis and a little bit of cash. here's the big issue. americans need to retire. 75% of them have already said they don't have enough money. 40% said they'll never have enough money. so they're funding their lon term liability which is retirement 15 years, on average 58 years old, and they're funding it with a security that's at the end of its peak cycle. so usual getting zero rate of return and you're saying i'll fund the liability by an investment that i'm guaranteed to lose money in. the world is more complicated. it's not 50 stock and 50 bond. so you have to say i need to start to move into a more balanced portfolio. the big problem people have is they think it's a binary switch. i go from stocks to bonds. maybe risky people and speculate tors do that. but it means i need to start to lessen my bond position, because more balanced
're talking with mike magner, the "national journal" energy and environment managing editor. he's also got this terrific book called poisoned legacy, great read about bp's rise to power. bp both on how they handled the gulf coast spill but also some other things in their record. mike, how bad are things in the coast right now? >> oh, boy, there is a long way to go on the cleanup. bp spilled an estimated five million barrels of oil into the gulf and in addition to a lot of natural gas that leaked and then when they were trying to clean it up, they used all of these dispersants, these chemicals that have really never been used on that scale. they cleaned up a lot of it by burning some of it off the surface and scrubbing what landed on the beaches but i talked yesterday to people in louisiana who say that there's still at least a million barrels out there. some of it is in wetlands in louisiana that's really difficult to clean up. and some of it -- because of the dispersants is still floating around out there. in particles and at
're not directly getting at that. >> i think the carbon tax makes enormous sense to do with the environment impact of energy use. you can design one in a way that does not cause too much harm for american industries that compete with folks abroad. consumption tax, there are things you can do to treat the income tax to make it look more like a consumption tax. >> i want each of you to give me your thoughts at the end of the day, what do you think the tax code will look like with his conversations between the cop -- between the president speaker boehner are done? >> i think we will have slightly higher marginal tax rates on some high-income tax -- and these 1 high income tax payer. i think there will be a variety of tax exclusions and deductions that are scaled back modestly. >> if scaled-back means capped in some way, i agree completely. rex i think we will see some of those things will back. the top rate will be either 39.6 or 35. it will be somewhere in between. >> we have some common ground here among our economists. thank you, a gentleman for joining us. thank you all. i appreciate the peterson
of $15 a barrel oil by 2025. in terms of prices, we're talking about in the environment similar to today's, maybe slightly worse, in order to hit those and provide incentive to hit those will targets and also to dampen demand. that is part of the iaea calculus. you have both the production and demand side. an order for us to even in part a modest amount and get to that point requires a major steps forward in fuel efficiency. host: so who is benefiting the most? guest: the middle east continues to benefit tremendously. opec countries share a global connection forecast to go up -- production forecast to go up to nearly half of world oil supplies. the middle east remains a big beneficiary. the u.s. will be better off in those terms than it would be without this increase will bring production. we will be keeping more money at home. oil makes up about two-thirds of our trade deficit now. that number will decline. oil companies that do very well with higher prices will continue to do very well. host: back to the idea of shale gas. you mentioned some parts of the country where this is happening
can see a hair floating wildly in the anti-gravity environment. she choked up as she spoke of the enormity of the work that she and her fellow astronauts do up there. take a listen. >> we are honored to be fulfilling that dream and living that dream right now. so i just wonder what is going to happen -- or what our future has in store for us, 10 years, 25 years, 50 years and 100 years from now. >> reporter: incredible shot there. she handed it off. they return to us at 8:53 with a russian and a japanese astronaut. they have had a busy motion to fix a radiator leak, the docking of the dragon, the first cargo craft to visit the international space station and they have been part of human scientific tests. to cap it off, they had a close call with a chunk of space debris on friday. the crew had to be ready to scramble to the life boat, while the debris drifted within two moyl miles of them. in space, that's really, really close. a big sigh of relief from the career. back to you. >> shannon: highly technical work. those are brave folk, bringing back the information to help us w
that the children won't have to go too far, a safe environment and they will learn -- the learning process won't be harmed, that's a powerful argument whether it will be received by people remains to be seen. >> one of the things she says is the fact that she's not going to put schools on the block to be sold. in other words, she is going to rent schools to community services and to even charter schools. >> one charter school advocates are going to fight for control. >> exact. they wouldn't have had to. and the fact is, the reason why there is a lower enrollment east of the river is because a lot of children have been put in charter schools. >> won't this be a question or test of how public schools and charter schools can coexist. >> the chancellor says it makes sense to try and find some synergy there. what it looks like no, one knows. 41,000 in public schools, 31,000 kids in charter schools, that's a 40% balance that has to be addressed in some way. >> i'd go out in a limb. a lot of people are very concerned with the fact that we're not putting enough in public education and we've sold out t
. this is an environment, the dodd-frank, the market sentiment that demands capital. they do trading. they will have issues. what does this mean for the big wall street firms, if you look at the smallest, it is warm and stanley. this is a firm to watch. i really respect james gorman. a great guy. they still have a capital markets arm. this is what i think will go on at morgan stanley. they will shrink that. they were talking about selling various trading components. i think there is no dow that that will happen did they are the smallest of the wall street players. whenever you hear something about the market, that trading are still there and so taking risk, people sell the stock. you have to worry about people lending you money. watch work and stanley going forward. see how much they adopt the brokerage model. if they stay in the middle here, they will have problems. lori: are you forecasting a breakup for morgan stanley? charlie: they will get out of certain risk-taking circumstances. my gut is, they fell. unloading capital markets. i do not think they will do the whole capital market, but the commodity b
natural gas producers to supply affordable, cleaner energy, while protecting our environment. across america, these technologies protect air - by monitoring air quality and reducing emissions... ...protect water - through conservation and self-contained recycling systems... ... and protect land - by reducing our footprint and respecting wildlife. america's natural gas... domestic, abundant, clean energy to power our lives... that's smarter power today. >>> breaking news comes from the middle east at this hour. the head of the military wing of hamas was killed today. assassinated in an israeli air strike in gaza. hamas says this man was in a car when it was hit by an israeli missile. the israel will defense forces say that he was directly responsible for carrying out terror attacks against israel for years. the attack came actually after the prime minister, benjamin netanyahu, warned this week of pending retaliation for the increased rocket attacks coming out of gaza. the palestinian government has issued a statement calling him a great leader, end quote. reuters is reporting that ham
and the environment. we're america's natural gas. >>shepard: approaching the top of the hour in business news, and we are looking at the last of the stock market at the stock exch
operations are safe and clean for our communities and the environment. we're america's natural gas. >>> another keeping them honest rosht, why was president obama kept in the dark about cia director david petraeus' affair with paula broadwell until after the election. attorney general eric holder knew in late summer of at fair. that information according to the white house was never passed until months later. consider this, the director of the c.i.a. was having an extramarital affair, communicating with his mistress via an unsecure e-mail account and potentially putting national security at risk. obama was asked about the investigation today during the news conference. >> i am withholding judgment. with respect to how the entire process surrounding general petraeus came up. we don't have all of the information yet. but i want to say that i have a lot of confidence generally in the fbi and they have a difficult job. and so i'm going to wait and see. >> the white house says there are protocols, that's the word they used, that must be followed when notifying the white house about the
veterans are in a clean environment. more than 300 janitors at walter reed medical center say they haven't been paid in two weeks. supporters came out to stand in solidarity with the janitors tuesday at a rally in bethesda. 9news spoke with one of the frustrated employees. >> i have done the job. i have complied with their regulations and everything but i'm not getting paid. >> it tends to get frustrating. the federal contractor that employs the janitors says the government hasn't paid them so they can't pay their workers. >>> it is 5:52. making news now, business owners in lower manhattan may not be able to survive superstorm sandy, even those who have made enough repairs to be able to open have seen a dropoff in customers. many stores remain closed and even employees with open businesses are having their hours scaled back. >>> little good transportation news in new york after the big storm sandy. part of the battery tunnel reopened before last night's rush hour. 86 million gallons of water from sandy's storm surge swamped the tunnel which connects brooklyn to manhattan. >>> ocean city'
challenging environment for the republican party because you have a dependency in this country when more than half of the american homes are receiving some kind of entitlement. so much of that's earned, but a lot of it is not. more than half. they're becoming more and more dependent on washington rather than the republican vision, less and less. >> right. i think one thing democrats have been very successful at is creating many more wards of the state, if you will. that's a serious cultural shift that republicans are up against now. they need to really make the -- get the message out there that limiting -- >> bill: what would that message be though? don't take the free stuff, make it on your own? you think that message is really going to get through? in this day and age? >> it would have to be more nuance. when we're talking to women, for instance, i think they need to explain how protective legislation in the workplace, for instance, doesn't actually give you more freedom or more flexibility. >> bill: that's a sophisticated situation to try to get that message across. the free stuff message
. >> this is a tough environment, our business customers are lookinr guidance, we're advising rlly clients across u.s. to take a look at their plan, and health savings accounts and tighten the belts in oth areas. neil:ow do you absorb, walmart refutes the figures. bottom line they were going up for workers. this is a trend, i would imagine it speeds up. >> supposedly national trend is 8 to 9% rise in health prem young cost, it be be a shared cost, a cost thatusiness absorbs or a cost down to the worker. neil: in walmart saying, we pay the 4.5%, they pay 4.5%, bottom line it is aot. >> at the end of the day, this is what u.s. citizens elected. neil: unstoppable? >> health insurance premiums will continue to rise, business owners must look at other ws to cut their costsonless they s. gary: unless they don't, they have no choice, they offer health care coverage, or if they don't they pay penalty, just suck up the penalty, and deal with it. >> or they can reduce workforce, and go to health savings ac count. neil: that is what darden tried, a little bit more you know, agility for that. but not a lotn ca
is how you pay for it. in this environment mortgage rates are lo very difficult to get a mortgage these days for a second home. for instance, went to go by to properties last year, and i have really get credit in pretty good net worth. really difficult to obtain mortgages. i ended up paying cash for both of the properties. and 42 percent of the properties sold last year were paid for with cash in the second home market. so that tells you that the vast majority of buyers are coming in with cash. the people who are mortgaging, 70 percent of them but more than 20 percent down. even if you plan on getting a mortgage, your so going to have to have a significant cash position to be able to buy. gerri: serious, but the beauty is that you diversified investment portfolio, not just stocks and bonds. now you're in real estate. home prices have dropped and dramatically so. and as you said, mortgage rates. it does not get any better than this. thanks for coming on. appreciate your time. thanks for educating us on this topic. >> thank you. gerri: is still to come, house flipping his back. the
it is like to run and grow multiple billion dollars businesses in this environment. he is the fourth richest man in the u.k., but who cares about that, he is one of the gutsiest businessman ever to have lived. he started one tiny business in a basement when he was 16 years old. look at him now, cheryl. an amazing story. cheryl casone is in new york. she will be guiding you through the last hour of trading. how are things looking? cheryl: things a r looking a bit better -- things are looking a bit better. we have a very mixed picture for markets at this hour as we move into the close. the dow and s&p are actually both higher. the dow up about 17 points, up more than 80 points though at session highs today. it's been a volatile day for traders. the dow falling more than 66 points at its session lows. the dow is up by 17 points. very volatile, very rocky day for stocks. one of the things that helped the dow out earlier on to hit the session highs, shares of home depot, by far the biggest winner on the dow today. the company hitting a new high after a strong earnings report and positive outlook
programs and environments where military and civilian leaders get a chance to share information. one thing we intentionally do is 101. our military fellows actually explain the military to the nonmilitary fellows. our doctors do a healthcare 101. so they become the experts in their field and share with each other. which is really incredible. but the military civilian piece is something a lot of these leaders do not get exposed to. both the military leaders as well as the civilian so for a couple of days every year, we often go on an aircraft carrier and really understand what happens on an aircraft carrier. it is really an incredible environment of learning. >> bill: right. so now as i understand, unlike candace, do you have a job to go back to. >> i will continue my training. and i'm looking forward to finishing it. at the end of those two years really is -- at the end of my training, i make a decision on how to enter the practice of medicine and really, if i will have an opportunity to have a large component de
in crowded environments, with a 90-day risk free trial from providers you can trust. i'm enjoying my freedom again. even conversations in noisy restaurants are easy. not an aarp member? join today. and then take advantage of the aarp hearing care program provided by hearusa. call hearusa ... and reconnect with your world today. martha: a pair of snowboarders are trapped on mount rainier and they have made some contact with rescuers. the two initially radioed for help on sunday after they got lost in a home. they still can't reach them who are still 7500 feet up the mountain but they made visual contact with them. the snowboarders have winter gear and smartphones and a compass. they have no overnight gear. they spent the night using a snow cave for shelter. we wish them luck. bill: smart fellows. way to do it. >>> new fallout from the president's health care law. a number of major american companies, big names now, announcing big changes. wal-mart saying that employees will have to pay between eight and 36% more in premiums. leaving some to say they will skip the coverage all together. appleb
sovereign nation. and the money doesn't go to clean it up. i know mr. waxman loves the environment, so do i. but this money doesn't go for that purpose. it can be used for anything. it's not for engine technology, it's not for restoration of the environment. and it doesn't stop emissions. so this bill does represent a bipartisan, bicameral compromise. but it gives us the authority to hold their feet to the fire and get a solution. i reserve the balance of my time. the speaker pro tempore: the gentleman reserves the balance of his time. the gentleman from west virginia. mr. lahood: mr. speaker, the gentleman i am going to yield to now may be departing the congress after this session. but we will still value his professionalism, his expertise and certainly his friendship for the very near and distant future. i'm happy to yield five minutes to the gentleman from illinois, the once chairman and now ranking member of our aviation subcommittee on transportation. the speaker pro tempore: the gentleman is recognized for five minutes. >> i thank the gentleman, the running backing member, for yieldin
investment and the people, to follow our country in the competitive environment, and taxes is one of them. when you do that, you will get more revenue. it's guaranteed. again, it is sort of that thing we were talking about earlier. this is an opportunity for us as a country. and if you look at the congressional budget office analysis, what tax reform could mean in terms of macroeconomic impact of growth, i mean, all of them will lead to more growth, whether it is corporate tax reform or individual tax reform. >> he said this was fought over in the campaign and we fought over tax rates. rising tax rates. jay carney, the white house press secretary did say that the president will veto any bill that extends the current tax rates. so he insists that tax rates go up those making over $250,000. what would your recommendation be to the republican party in the senate? >> first, i believe the resident does have a detailed view of the press secretary. i like the president's comments better than jay carney's comments. i think jay carney was maybe, i think he was a little behind the curtain. i hope.
changing rapidly as a factor in the environment is to knowledge across the board, primarily information technology in various manifestations and that seems like a drastic reshaping, but also can have effects on where the apparent power resources, traditional kinds of nontraditional kinds. although we often highlight the potential for empowered individuals can go around and cause havoc using new technologies and new dangers and threats, there's a new bond film out. every bond film has featured some transnational nonstate actor going on with the technology causing havoc. i'm not sure how terribly new threat that is. new technologies seem to reinforce the power of existing orders. if you think of the degree to which the national ecological revolution has reenergized the north american energy markets is fundamentally reset politics towards the traditional powers in the west rather than away from them come when you think about drones in the war on terror and the degree to which technology has allowed a tight footprint that is far more effective in many respects than the specific task of gett
charged environment dealing with benghazi and the cia, we didn't -- they didn't want to bring something to the president that was half-baked. i think they showed great restraint in really not getting caught up in the politico hoopla that was months ago. they did it the right way by not politicizing this thing. >> petraeus was scheduled to testify this thursday in these congressional senate hearings that have been established to find out more information about benghazi. a lot of which he has been front and center of trying to pull together information on on the point person on this. senator lindsey graham made an important statement -- >> we have four dead americans in benghazi. we have a national secure failure along in the making. i don't see how in the world you can find out what happened in benghazi before, during and after the attack if general petraeus doesn't testify. so from my point of view, it's absolutely essential that he give testimony before the congress so we can figure out benghazi. >> his second is going to step in to give that testimony now. but could he be compelled to
an automatic resignation? maybe there would be in the current environment. i can't tell anymore what the standards are sometimes. >> well, you know, i don't know. >> i mean it. >> i doubt that. i think you're probably right. and certainly it doesn't apply to members of congress, but they're elected officials and these are appointed officials. the fbi basically says we decided to tell the dni, the director of national intelligence james clapper, when we were all done what happened here because we thought he should know as in essence a personnel matter. under the new system the director of the cia reports to clapper. clapper is his boss, and they thought that clapper should know. he controls the security clearances. let him make the significance about whether it was proper to keep david petraeus on the job. obviously clapper felt it wasn't and told petraeus he ought to resign. >> i guess it's one of those cases once people know about it, the catch-22 is you have to do something about it or else you're part of the cover-up. maybe that's the way they look at it. pete williams, as always,
're in a changing environment, as you just noeted, when you're losing the cuban vote in florida, that's a brand-new day in american politics for the gop. >> they should have been listening to you. michael steele and steve elmendorf, thank you very much. >>> and this veterans day marnt the fuirst time in a decade in which there are no soldiers fighting in iraq. >> this 9/11 generation that stepped forward after the towers fell and in the years sense have stepped into history. running one of the greatest chapters of military service our country has ever known. tour after tour, year after year, you and your families have done all that this country has asked. you've done that and more. >> joseph carnes goodwin is a member of that post-9/11 generation that served in iraq and afghanistan and joins me now from boston. joe, great to see you. tell me about what made you want to serve and you did two tours, i think? >> that's right. one in iraq and one in afghanistan. >> and one in afghanistan. you, obviously, we've known for you for a long time. your parents, doris kearns goodwin, and your father, of co
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